{"id":29745,"date":"2019-01-22T16:54:02","date_gmt":"2019-01-22T13:54:02","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=29745"},"modified":"2019-02-01T18:20:04","modified_gmt":"2019-02-01T15:20:04","slug":"additional-customs-tax","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/additional-customs-tax\/","title":{"rendered":"5-8% Additional Customs Tax for Imported Yarn"},"content":{"rendered":"
\"5-8%
5-8% Additional Customs Tax for Imported Yarn<\/figcaption><\/figure>\n

Textile and ready-to-wear industry manufacturers once again face off against each other. While the textile industry is supporting the 5-8% additional customs tax on imported yarn, the apparel industry reacts against.<\/strong><\/p>\n

With the Presidential Decree No. 651 annexed to the import regime decision published in the Official Gazette numbered 30657 dated January 16, 2019, a new regulation on yarn imports was made. According to this decree; a customs tariff of 5 to 8% was imposed on imported cotton yarn and synthetic yarns from EU and non-Turkish origin. Cotton yarn, synthetic filament yarns, yarns from synthetic staple fibers and yarns from artificial staple fibers are affected by this additional tax. Especially ready-to-wear and apparel industry<\/a> reacted to this development.<\/p>\n

Istanbul Textile and Raw Materials Exporters’ Association (\u0130TH\u0130B<\/a>) President Ahmet \u00d6ks\u00fcz said in a statement that the domestic yarn industry is faced with unfair competition pressure from imports. \u00d6ks\u00fcz stated that an important step was taken for the textile and raw materials industry with the decision of additional customs duty on imported yarn. He recalled that yarn imports amounted to 1.3 billion dollars a year. In 2008, \u00d6ks\u00fcz mentioned that many textile and ready-to-wear products was protected with additional customs duty up to 30% and that yarn products remained out of this protection. \u00d6ks\u00fcz, who thanked the decision makers for to the additional customs duties, explained that these measures are still insufficient for the industry and they expect support.<\/p>\n

Ready-to-wear exports will be adversely affected by the additional customs tax!<\/strong><\/h2>\n

Mustafa G\u00fcltepe, President of the Istanbul Apparel Exporters\u2019 Association (\u0130HK\u0130B), said they were surprised to see the additional customs tax on the imported yarn as he underlined that these additional customs tax will increase their costs and affect their global competitive power negatively. Indicating that ready-to-wear industry consists of small and medium-sized enterprises (SMEs) mostly, G\u00fcltepe has announced that a total of 35 thousand ready-to-wear companies in 81 provinces are manufacturing in Turkey, in which 18 thousand of them are exporters.<\/p>\n

Advocating that this measure was taken at the request of mostly integrated companies with a few yarn companies; G\u00fcltepe said that this development further reduced the mobility of ready-to-wear companies; which are already trying to keep up with the difficult conditions. G\u00fcltepe; \u201cThese measures not only affect ready-to-wear, but also many other industries such as fabrics, home textiles, furniture and carpets. Despite such widespread influence, we regret the positive discrimination for a small number of yarn companies.\u201d<\/p>\n

G\u00fcltepe stated that 71% of the industry’s 17.6 billion dollar exports were made to the EU market; and they experienced market losses due to the increase in production costs. G\u00fcltepe continued as follows; \u201cWhile there is this reality in place, additional customs taxes on raw materials will absolutely affect our exports negatively. These measures, by raising costs, discourages investment and production in our country. Several industrialists are shifting their production to the cost-effective neighbouring countries\u201d. G\u00fcltepe reminded that imports of yarn have decreased by 25-50% since July 2018 due to high levels of exchange rate; and continued saying additional customs taxes came at a time when imports were low.<\/p>\n

Negative reflection to the market<\/strong><\/h2>\n

Denizli Chamber of Industry Chairman M\u00fcjdat Ke\u00e7eci said in a statement with the additional customs tax will be reflected negatively on the market. Ke\u00e7eci said; \u201cAbout 80% of our country’s cotton yarn imports are realized from countries with customs duties. This increase will not affect our exporters due to the non-payment of taxes on imports made within the scope of inward processing; but will be reflected in cost increase to our companies producing domestically. With increasing energy and labor costs; textile companies competing in heavy conditions will have to reflect this increase in costs on their prices.\u201d<\/p>\n

Ke\u00e7eci stated that they made great sacrifices for the fight against inflation; and added that textile manufacturers from Denizli were expecting the same rate of discounts; as domestic yarn manufacturers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Textile and ready-to-wear industry manufacturers once again face off against each other. While the textile industry is supporting the 5-8% additional customs tax on imported yarn, the apparel industry reacts against. With the Presidential Decree No. 651 annexed to the import regime decision published in the Official Gazette numbered 30657 dated January 16, 2019, a […]<\/p>\n","protected":false},"author":8,"featured_media":29741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[11364,11359,11373],"class_list":{"0":"post-29745","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-ready-to-wear-exports","9":"tag-turkish-economy","10":"tag-yarn-imports"},"yoast_head":"\n5-8% Additional Customs Tax for Imported Yarn - Textilegence<\/title>\n<meta name=\"description\" content=\"While the textile industry is supporting the 5-8% additional customs tax on imported yarn, the apparel industry reacts against.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/additional-customs-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5-8% Additional Customs Tax for Imported Yarn\" \/>\n<meta property=\"og:description\" content=\"Textile and ready-to-wear industry manufacturers once again face off against each other. 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. CNNTURK\u2019 kanal\u0131nda staj\u0131n\u0131 tamamlad\u0131ktan sonra Referans Gazetesi\u2019nde \u00e7al\u0131\u015fmaya ba\u015flad\u0131. 2 y\u0131l sonra Textilegence markas\u0131yla tekstil end\u00fcstrisine y\u00f6nelik kendi medyas\u0131n\u0131 kurdu. \u015eu anda Textilegence.com, Printing3D ve NEFA PR Ajans\u0131\u2019n\u0131n 12 y\u0131ld\u0131r y\u00f6netimini yapmaktad\u0131r.","sameAs":["https:\/\/www.textilegence.com","https:\/\/www.facebook.com\/TextilegenceMagazine","https:\/\/www.instagram.com\/textilegence\/","https:\/\/www.linkedin.com\/in\/fatih-cengiarslan-32352265\/","https:\/\/x.com\/https:\/\/twitter.com\/textilegence"],"url":"https:\/\/www.textilegence.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/29745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/comments?post=29745"}],"version-history":[{"count":0,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/29745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media\/29741"}],"wp:attachment":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media?parent=29745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/categories?post=29745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/tags?post=29745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}